Alyeska Investment Group L.P. Acquires 387,537 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Alyeska Investment Group L.P. increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 267.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 532,602 shares of the construction company's stock after purchasing an additional 387,537 shares during the quarter. Alyeska Investment Group L.P. owned 1.22% of Armstrong World Industries worth $75,273,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tealwood Asset Management Inc. lifted its position in shares of Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock worth $1,313,000 after buying an additional 71 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after acquiring an additional 82 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Armstrong World Industries by 6.7% in the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Armstrong World Industries by 1.7% during the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock valued at $865,000 after purchasing an additional 97 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Armstrong World Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on AWI. Truist Financial lifted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. UBS Group upped their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Loop Capital cut their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $155.50.

Armstrong World Industries Stock Down 0.1 %

Shares of Armstrong World Industries stock traded down $0.18 during midday trading on Tuesday, hitting $149.94. The company had a trading volume of 184,976 shares, compared to its average volume of 274,710. The company has a 50 day moving average of $140.34 and a 200 day moving average of $146.28. The stock has a market capitalization of $6.51 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is currently 19.68%.

Armstrong World Industries Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.